North East economy returns to growth and business confidence soars, survey says

North East economy returns to growth and business confidence soars, survey says

The NatWest Growth Tracker has returned some of its highest scores in more than four years.

The North East economy returned to growth and confidence levels have reached their highest point in more than four years, an influential business survey suggests.

NatWest’s North East Growth Tracker, which measures change in the region’s manufacturing and service sectors, increased from 49.3 in September to 52.3 in October, with scores above 50 signalling growth in the region’s private sector activity. The expansion in activity in the North East outpaced the UK average, with only London and the South East seeing greater increases in activity than the North East.

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